Electric Vehicles

Charging Stations for EVs to be $1.2 Billion Market by 2020

October 31, 2012
• by Staff

BOSTON – With government policy and investment driving automotive companies toward plug-in vehicles, the technology for delivering electricity to these vehicles will rise to a $1.2 billion market in 2020, according to a Lux Research report.

“Success for EVSE will ultimately follow the success of electric vehicles,” said Kevin See, Lux Research senior analyst and the lead author of the report. “It’s critical for those invested in charging stations to find the applications where there’s substantial growth.”

Lux Research analysts studied a web of partnerships in the EVSE market, besides building a forecast for its growth. Among their findings:

Europe is the leader. Europe will lead the global market with 2020 annual sales of 480,000 units. China forges ahead after a slow start, growing to 277,000 annual unit sales of charging stations by 2020.

China consumes the most energy. In 2020, plug-in vehicles in China will consume 1.9 TWh of electricity, or 23 percent of all energy consumed by plug-ins, the largest by any individual country, translating into $155 million in revenue for Chinese utilities.

Web of partnerships is key. AutoOEMs such as Ford, Daimler, GM, BMW, and Nissan form the core of charging infrastructure partnerships, with complex inter-connections with emerging companies – like BMW’s recent investment in Coulomb Technologies – and utilities.

Electric Vehicles

BYD (Build Your Dreams) has delivered a battery-electric 8TT truck to the Port of Oakland. The Class 8 truck was grant-funded by CARB and will be part of a three-year feasibility study to determine whether zero-emission trucks could replace diesel trucks in port operations.

U.S. safety regulators from the National Highway Traffic Safety Administration (NHTSA) are evaluating the circumstances connected to a Tesla Model S that slammed into a fire department vehicle in Jordan, Utah on May 13.

Workhorse Group is conducting autonomous drone package deliveries in real-world scenarios for homes in the Cincinnati, Ohio, area, using a system that is integrated with its line of electric delivery trucks.